<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>Clarification regarding duty drawback allowed in cases of short realisation of export proceeds due to bank charges deducted by foreign banks</title>
    <link>https://www.taxtmi.com/circulars?id=62530</link>
    <description>Duty drawback may be allowed on the FOB value without deducting foreign bank charges; agency commission and foreign bank charges taken together must not exceed the overall commission limit allowed by the Board, and any excess should be deducted from FOB. Field formations should regularise short realisations where exporters provide documentary evidence such as export invoices and bank confirmations and should reconsider issued show cause notices accordingly.</description>
    <language>en-us</language>
    <pubDate>Thu, 19 Sep 2019 00:00:00 +0530</pubDate>
    <lastBuildDate>Fri, 20 Sep 2019 10:17:00 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=587990" rel="self" type="application/rss+xml"/>
    <item>
      <title>Clarification regarding duty drawback allowed in cases of short realisation of export proceeds due to bank charges deducted by foreign banks</title>
      <link>https://www.taxtmi.com/circulars?id=62530</link>
      <description>Duty drawback may be allowed on the FOB value without deducting foreign bank charges; agency commission and foreign bank charges taken together must not exceed the overall commission limit allowed by the Board, and any excess should be deducted from FOB. Field formations should regularise short realisations where exporters provide documentary evidence such as export invoices and bank confirmations and should reconsider issued show cause notices accordingly.</description>
      <category>Circulars</category>
      <law>Customs</law>
      <pubDate>Thu, 19 Sep 2019 00:00:00 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/circulars?id=62530</guid>
    </item>
  </channel>
</rss>